Consumption spending includes spending on:
A. stocks, bonds, and other financial instruments.
B. capital goods, residential housing, and changes in inventories.
C. goods and services by federal, state, and local governments.
D. durables, nondurables, and services.
Answer: D
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In 2009, Germany's capital account was -$135 million. This implies that
A) Germany invested more in other countries than those countries invested in Germany. B) Germany's currency must have appreciated during 2009. C) Germany imported more goods from its trading partners than it exported. D) Germany's official settlements account in 2009 must have been positive.
How has the financing of elementary and secondary education changed in the United States since 1940? What is the primary reason for this trend?
What will be an ideal response?